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Perhaps there is something we can learn from King Arthur’s round table, the failure of the centralized exchanges like FTX, and a way out.
Walk with me
⚔️⚔️Thread….
Walk with me
⚔️⚔️Thread….
King Arthur had a roundtable where knights at the roundtable would come together as one, each as important as the next, to decide the fate of the kingdom. King Arthur was able to achieve this through his possession of the most powerful sword, Excalibur.
And that is what eZKalibur intends to do.
⚔️So what is eZKalibur? eZKalibur is the first and most efficient ecosystem-focused and community-driven DEX and Launchpad built on zkSync, their goal is to build the foundation that allows other protocols to bootstrap their liquidity
⚔️So what is eZKalibur? eZKalibur is the first and most efficient ecosystem-focused and community-driven DEX and Launchpad built on zkSync, their goal is to build the foundation that allows other protocols to bootstrap their liquidity
on the chain.
Importantly, zkSync era is a layer 2 protocol, soon to overtake other layer 2s in the coming months. Now, I will explain why eZKalibur is built on zkSync.
Importantly, zkSync era is a layer 2 protocol, soon to overtake other layer 2s in the coming months. Now, I will explain why eZKalibur is built on zkSync.
⚔️⚔️WHY #zkSync?
Hyperscalability
Being a layer 2 protocol, #zkSync scales Ethereum’s security & values because of its zero knowledge cryptography. ZK or zero knowledge is a knowledge of cryptography a zero knowledge proof,
Hyperscalability
Being a layer 2 protocol, #zkSync scales Ethereum’s security & values because of its zero knowledge cryptography. ZK or zero knowledge is a knowledge of cryptography a zero knowledge proof,
which means transactions and operations can be verified without the divulging of information. This in turn makes ZK rollup possible, this allows for processing of transactions outside of Ethereum’s Mainnet.
All this makes hyper scalability, lower gases, high transaction speed, and tight security possible.
Security
Second reason eZKalibur is built on #zkSync era is because of the security that comes with it. Being a layer 2 blockchain protocol designed to scale Ethereum, zkSync inherits Ethereum level security.
Second reason eZKalibur is built on #zkSync era is because of the security that comes with it. Being a layer 2 blockchain protocol designed to scale Ethereum, zkSync inherits Ethereum level security.
Game-Changing User Experience
Having in mind that mainstream adoption of digital assets and participation in Web3 has not been properly tackled. zkSync era enables developers to easily translate users from externally owned accounts to smart contract accounts.
Having in mind that mainstream adoption of digital assets and participation in Web3 has not been properly tackled. zkSync era enables developers to easily translate users from externally owned accounts to smart contract accounts.
These new accounts can abstract away seed phrases, schedule and automate payments, Like King Arthur and the knights at the round table putting their trust on excalibur, eZKalibur wants you rest. Whystress when eZKalibur has got you covered?
⚔️Bridging to zkSync
It is as simple as ABC because of a number of bridges have bridge ZK rollups to other Ethereum Virtual Machine (EVM) compatible chains. #zkEVM
You can bridge tokens to zkSync by:
Visiting zkSync Bridge, then connect your MetaMask Wallet.
It is as simple as ABC because of a number of bridges have bridge ZK rollups to other Ethereum Virtual Machine (EVM) compatible chains. #zkEVM
You can bridge tokens to zkSync by:
Visiting zkSync Bridge, then connect your MetaMask Wallet.
Select the network you want to transfer tokens from (Ethereum, Polygon, Arbitrum, Loopring, Optimism +10others).
Select the token you want to bridge from your network to zkSync and input the amount.
Review and confirm the transaction.
Your tokens will arrive in under 5 minutes.
Select the token you want to bridge from your network to zkSync and input the amount.
Review and confirm the transaction.
Your tokens will arrive in under 5 minutes.
⚔️Phases
Currently in its second phase, zkSync is focused on product development and mainstream adoption. Here, over 5-10k will be onboarded and total value locked grows. The protocol’s yields are not only high, but also sustainable.
Currently in its second phase, zkSync is focused on product development and mainstream adoption. Here, over 5-10k will be onboarded and total value locked grows. The protocol’s yields are not only high, but also sustainable.
And in April 2023, $SWORD will officially launch. So, now is the time to get in.
Phase 3 will see that once eZKalibur is establish as zkSync’s main ecosystem. Partnerships will be expanded and our services extended on other L2s, making us a multichain ecosystem.
Phase 3 will see that once eZKalibur is establish as zkSync’s main ecosystem. Partnerships will be expanded and our services extended on other L2s, making us a multichain ecosystem.
⚔️Mission and Community Ownership
eZKalibur’s mission aligns with zkSync’s, which is “to accelerate the mass adoption of crypto for personal sovereignty.”
eZKalibur’s mission aligns with zkSync’s, which is “to accelerate the mass adoption of crypto for personal sovereignty.”
The centralization of FTX is one of the reasons it failed, with the community ownership of eZKalibur, they will jump those hurdles and drive up the mass adoption of zero-knowledge technology, Ethereum, and Web3.
⚔️eZKalibur Ambassador Program
In line with its second phase which is mainstream adoption. eZKalibur is currently recruiting brave and valid community members to represent and grow the Kingdom in its unique way. The requirements are as follows;
In line with its second phase which is mainstream adoption. eZKalibur is currently recruiting brave and valid community members to represent and grow the Kingdom in its unique way. The requirements are as follows;
The number of community groups
Community size
Community quality
Community quality is just as important as community size.
Community size
Community quality
Community quality is just as important as community size.
The rewards is determined by multiplying Content Quality and Community size. Both factors are evaluated by the simple factors listed on their website, accessible here
docs.ezkalibur.com/introduction/o…
docs.ezkalibur.com/introduction/o…
⚔️⚔️DEX
⚔️eZKalibur Automated Market Maker (AMM)
This is a simple, efficient, fast, cheap, and secure way to trade one ERC-20 token for another via automated liquidity pools. With eZKalibur, you can trade with ease,
⚔️eZKalibur Automated Market Maker (AMM)
This is a simple, efficient, fast, cheap, and secure way to trade one ERC-20 token for another via automated liquidity pools. With eZKalibur, you can trade with ease,
knowing that you're in control of your assets and that your transactions are protected.
Swapping your tokens on eZKalibur can be done by following these easy steps. First, make sure you're on the zkSync network and then connect your wallet to eZKalibur.
Swapping your tokens on eZKalibur can be done by following these easy steps. First, make sure you're on the zkSync network and then connect your wallet to eZKalibur.
Next, select the token from the list that you want to swap and make sure it's available in your wallet. Then, select the token you want to swap with, and ensure the slippage amount is right, which varies from token to token.
If you're swapping a particular token for the first time on eZKalibur, you'll have to enable the token first by clicking on the enable button and confirming the transaction in your wallet. Finally, click swap and confirm the swap transaction in your wallet.
To ensure that there's always enough liquidity on the platform for smooth trading, eZKalibur incentivizes investors to provide liquidity by paying a big portion of the 0.25% trading fee to them whenever someone swaps their tokens on eZKalibur. The fee is distributed as follows:
⚔️68% is returned to liquidity pools as a reward for liquidity providers,
⚔️20% in dividends redistributed to xSWORD holders, and,
⚔️12% is used to buy back $SWORD.
⚔️20% in dividends redistributed to xSWORD holders, and,
⚔️12% is used to buy back $SWORD.
By allocating a consistent portion of their fees to buying back SWORD and forming LPs, eZKalibur will be able to ensure that as the platform scales in trading volume, it will help create deflationary pressure on SWORD, resulting in a price increase over time.
So what are you waiting for? Head over to eZKalibur and start trading with ease today!
⚔️Liquidity Farm
This is also known as yield farming or liquidity provider, enables users to earn more by staking LP tokens in the yield farm. You can get LP tokens by providing liquidity. Each farm has its own APR, depending on the value of LP tokens, and price of $SWORD.
This is also known as yield farming or liquidity provider, enables users to earn more by staking LP tokens in the yield farm. You can get LP tokens by providing liquidity. Each farm has its own APR, depending on the value of LP tokens, and price of $SWORD.
There is currently a 0.25% trading fee whenever tokens are swapped on eZKalibur. 68% of this fee is returned to liquidity pools as a reward for liquidity providers. This way, liquidity providers will earn 0.17% of all trades in the pool.
So, a trade of a trade of 100,000 USDC will have 170 USDC for the liquidity providers.
It should be noted that there is the risk of impermanence loss, which is when there is a price difference on the two assets being held.
It should be noted that there is the risk of impermanence loss, which is when there is a price difference on the two assets being held.
⚔️Dividends
Dividends account for 20% of total protocol earningsdistributed to which is shared to users, allocated as xSWORD in the dividend feature.
Dividends account for 20% of total protocol earningsdistributed to which is shared to users, allocated as xSWORD in the dividend feature.
⚔️Epochs
The distribution is based on a weekly epoch logic: every week, a fixed part of the accumulated tokens will be distributed. This is repeated every week.
The distribution is based on a weekly epoch logic: every week, a fixed part of the accumulated tokens will be distributed. This is repeated every week.
⚔️Payouts
The distribution of those tokens is equally spread over the duration of the epoch, and allocated on a second-basis to every user with a xSWORD allocation on this Dividends plugin, proportionally to their share of the total allocation.
Dividends are paid continuously.
The distribution of those tokens is equally spread over the duration of the epoch, and allocated on a second-basis to every user with a xSWORD allocation on this Dividends plugin, proportionally to their share of the total allocation.
Dividends are paid continuously.
⚔️⚔️TOKENOMICS
There is a difference between $SWORD, eZKalibur's native token, and $xSWORD, which represents a non-transferable escrowed token.
⚔️ $SWORD Token Metrics
Chain: zkSync
Max supply: 10.000.000 SWORD
There is a difference between $SWORD, eZKalibur's native token, and $xSWORD, which represents a non-transferable escrowed token.
⚔️ $SWORD Token Metrics
Chain: zkSync
Max supply: 10.000.000 SWORD
Deflationary mechanism to be deployed is burning, which will be executed in the following ways;
Buy back and burn
A share (12%) of the Protocol Earnings will be used to buy back and burn $SWORD.
Buy back and burn
A share (12%) of the Protocol Earnings will be used to buy back and burn $SWORD.
xSWORD redeems
When a user decided to redeem $SWORD by staking $xSWORD, there is a redeem ratio based on the staking period. If users stake their $xSWORD for less than 90 days, they will receive a lower rate than 1:1.
All excess xSWORD will be burned.
When a user decided to redeem $SWORD by staking $xSWORD, there is a redeem ratio based on the staking period. If users stake their $xSWORD for less than 90 days, they will receive a lower rate than 1:1.
All excess xSWORD will be burned.
⚔️xSWORD Token Metrics
It is a non-transferable escrowed token. Users have the chance to stake it to redeem SWORD.
More about $SWORD token distribution is explained here
docs.ezkalibur.com/usdsword-token…
It is a non-transferable escrowed token. Users have the chance to stake it to redeem SWORD.
More about $SWORD token distribution is explained here
docs.ezkalibur.com/usdsword-token…
⚔️Protocol earnings
Once fully operational, eZKalibur intends will earn through 0.25% DEX Swap Fees and 1% Raised Funds from Launchpad launches.
Both will be collected and sent automatically to the treasury address.
Once fully operational, eZKalibur intends will earn through 0.25% DEX Swap Fees and 1% Raised Funds from Launchpad launches.
Both will be collected and sent automatically to the treasury address.
⚔️⚔️ eZCalibur Launchpads
Although eZKalibur is currently positing to be the leading DEX on zkSync,it will also be the launchpads for many other protocols on the chain. eZKalibur believes the table of zkSync is big enough for everyone and it will help in mainstreaming the chain
Although eZKalibur is currently positing to be the leading DEX on zkSync,it will also be the launchpads for many other protocols on the chain. eZKalibur believes the table of zkSync is big enough for everyone and it will help in mainstreaming the chain
Launches will happen in two ways
Fair Launches; where all participants receive an amount of tokens worth the same value as their contribution.
FCFS whitelist sale, here, Due to the fixed hard cap and token price,
Fair Launches; where all participants receive an amount of tokens worth the same value as their contribution.
FCFS whitelist sale, here, Due to the fixed hard cap and token price,
the number of participants is also fixed based on the maximum allocation per wallet.
More information on eZKalibur launchpad will be available in the coming days.
More information on eZKalibur launchpad will be available in the coming days.
In other words, the knights of the roundtable, alongside King Arthur presided on their kingdom through the help of Excalibur. #eZKalibur believes decentralization is the way to go about your finances and they are proving it.
Are you excited to see what @zkaliburDEX has in store for the future of DeFi, DEX, and launchpads? Following their social media pages for the latest updates, and get ready to be a part of their community-driven ecosystem.
#zkSync #zkEVM #eZKalibur $SWORD
#zkSync #zkEVM #eZKalibur $SWORD
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